The Ins and Outs of AIG Term Life Insurance
American International Group, which is known simply as AIG for short, has been offerign a variety of different insurance options to people around the world for many years. In fact, it was in 1919 that its founder, Cornelius Vander Starr, first started selling insurance in Shanghai. After becoming the first Westerner to sell insurance in China, he decided to also start selling insurance in Europe, Asia, the Middle East and Latin America.
Despite his eariler successes in other countries, Starr did not find much success with selling policies in the United States until 1962. Once his business found this success, however, it wasn’t long before AIG had established a solid reputation and a broad customer base.
Today, it is possible to purchase a variety of different insurance policies from AIG. One of these policy types is term life insurance. AIG term life insurance is available in a variety of different terms. Although the most popular term lenghts are 1, 5, 10, 15, 20, and 30, customers can choose to obtain other term lenghts as well. In addition, it is possible to obtain a term life insurance policy that stays in place until you reach a certain pre-determined age.
As with any type of term life insurance policy, it is important to consider your individual needs before purchasing an AIG term life insurance policy. This way, you can be certain to obtain a term that will be in place for the length of time you need in order to keep your loved ones protected. If you are married and your wife does not work, for example, you may want to purchase a policy that will be in place for many years. If you only want to have coverage in place for as long as you have children depending upon you, on the other hand, a 20 year term life insurance policy may be the best option for you.